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U.S. Headed for a Soft Landing: Goldman Sachs Top Economist

Goldman Sachs’ chief economist Jan Hatzius says the U.S. economy is on track for a soft landing. So reports MarketWatch.

Goldman SachsIn a note to clients, Hatzius says that while “much can still go wrong and our probability that a (mild) recession will start in the next year remains about one in three, we see some encouraging signs that the economy is moving toward” a soft landing. To achieve that, he reiterated that the U.S. would need to see a large decline in inflation, “sustained below-trend output growth,” and a small rise in unemployment coupled with sharply lower job openings.

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